Flash Report 3 minutesRegister for Free AccessDebenhams (LSE: DEB) FY16 RESULTS: SALES PERFORMANCE IN LINE WITH EXPECTATIONS Coresight Research October 28, 2016 Executive Summary UK-based department-store chain Debenhams reported gross transaction value sales of £2,939 million for the 53 weeks ended September 3, 2016, slightly above the consensus estimate of £2,902 million. FY16 statutory revenues came in at £2,310 billion, down 0.5% year over year for the 52 weeks ended August 27, 2016. Group comparable store sales increased +0.6% year over year in FY16, with comparable store sales mainly driven by online sales growth of 9.3%. UK-reported revenues declined by 0.8% and international revenues increased 0.9%. FY16 gross margin contracted by 10 basis points to 12.9%. Underlying EPS of 7.5p for the 52 weeks ending August 27, 2016, declined 1.3% year over year from 7.6p in FY15. For fiscal year 2017, guidance is for gross margin to change by between +25bps and (25)bps, total costs to increase by 2% to 4% and capital expenditure of £130 million. The company did not provide sales guidance. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: November 2023 Monthly Consumer Update: US, UK and ChinaLivestreams Yet To See a Singles’ Day Surge: China Consumer Survey InsightsUS Online Grocery Survey 2023—Infographic: Assessing the Top Retailers and E-Commerce PopularityJuly 2023 Leading Indicators of US Retail Sales: Projecting Low-Single-Digit Growth Amid Marginal Disposable Income Rise